Thu, Jun 08, 2023 @ 18:15 GMT
HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is above level 50 and headed downwards.

The Stochastics left the overbought zone and headed downwards to level 50.

Most likely scenario – SELL

Target prices: 1,785.57 1,777.32

Alternative scenario – BUY

Target prices: 1,801.75 1,817.02

Key levels

Support 1,785.57 1,777.32

Resistance 1,801.75 1,817.02

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